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Oil +4% in the session: Houthis attack Saudi Arabia again

Yemen's Houthis announced new attacks on Saudi Arabia. The oil market reacted almost instantly: prices rose by about 4% during the session.

Oil +4% in the session: Houthis attack Saudi Arabia again

What matters in 30 seconds

30 SEC
  • 01

    First reports of the attacks came in around 17:53 MSK

  • 02

    By 18:31 MSK, oil was trading +4%

  • 03

    Saudi Arabia remains a key oil exporter

First reports of the attacks came at around 17:53 MSK, and by 18:31 MSK oil was already trading +4%. The entire impulse took less than an hour.

The reason is geopolitics, not the balance of supply and demand. Saudi Arabia remains a key exporter, so any threat to its infrastructure is immediately priced in as a risk premium. Such news isn't on the calendar — it arrives suddenly, and the range expands within minutes.

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Source: MarketTwits0 views
Oil +4% in the session: Houthis attack Saudi Arabia again | PropMarketCap